GUGU INTIMATES
Owner: Gugu Nkabinde
Start-up costs: ‘The initial cost was about R300 000. I had to bootstrap as much money as I could from my own funds, and from friends and family. However, since having funders, the overall costs have gone up to R1.5 million. The materials and dyes we use aren’t cheap because we want to deliver premium quality underwear to the Gugu Intimates woman.’
Turnover: ‘It’s still early days, but we’ve sold 100 units within a few months, which is fantastic for a business that’s just started.’
Website: www.guguintimates.com
It all began on a sweltering day when I was about to present to a room full of people,’ says Gugu Nkabinde. ‘I was wearing a white shirt, and was worried my underwear would show. So I…
